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- Japan’s Itochu Group has submitted a proposal to Vietnam’s Ministry of Transport in cooperation with Vinalines to develop the Lach Huyen port in Hai Phong. Under the proposal, Itochu will invest US$160m to construct two container berths, with the Vietnamese government investing US$260m in further infrastructure. If developed, Lach Huyen wo...
The monthly container cargo count at the Port of Long Beach, California, increased 13 percent year-on-year in March to 422,774 TEUs, Platts Commodity News reported. March is the fourth consecutive month of volume increases at the port, which serves Los Angeles and Southern California, in the year-to-year comparisons. A total of 206,652 TEUs were importe...
Callao Port Authority says it wants to speed up the process of developing its North Quay project. A project, initially presented by DP World, is undergoing technical and economic feasibility assessment. If it is approved, other bidders will be given 90 days to submit bids of their own. Investment of more than $550m will be ultimately required. Lima&rsqu...
China’s boycott of Australian and Brazilian ore could hit both Qingdao and Rizhao ports in the short term, since these handle a large proportion of the iron ore imports that enter China. Jeffrey Landsberg of Commodore Research says China's restrictions on iron ore imports have “forced spot ore prices to increase sharply.” It seems there...
Freight traffic through Odessa Commercial Sea Port (OCSP SE, Ukraine) in January-March 2010 reached 6.899.700 tons, a 6.1-percent drop from Q1, 2009, the stevedore provisional data said. The numbers include 3.661.600 tons of dry cargo, 11.55% down vs Q1,09 and 3.238.100 tons of liquid cargo, a slight 0.8% gain against the same period of 2009. According ...
In Jan.-Mar., 2010 container total trade at the Port of Rotterdam gained 16% (vs Q1, 2009) to 2.6 million TEUs, the Port Authority statement said. Overall cargo turnover at the port during the reporting period increased by 14% to 107 million tons. The numbers include 9.4m tons of iron ore, volumes of handled oil, 25m tons, are close to the last year&rsquo...
The recovery is under way in Australia, according to economic indicators such as container traffic, the Age reported. New figures show record container imports in Melbourne and Sydney. In Melbourne, total trade has now drawn level with pre-crisis volumes; growth in container movements in February was 23.6 percent above the same month last year. In Sydne...
Danish port operator APM Terminals, which is part of the group A.P. Møller - Mærsk, is planning to expand on emerging markets in Africa, the Middle East and Oceania, Esmerk Danish News reported. In these regions, container port activities have recovered to the same level as before the financial crisis. Richard Mitchell, CCO of APM Terminals...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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